COMMITMENTS
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12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2013
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Commitments and Contingencies Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||
Commitments and Contingencies Disclosure [Text Block] | 14. COMMITMENTSThe Company operates retail shoe stores under both short-term and long-term leases. Leases provide for a minimum rental plus percentage rentals based upon sales in excess of a specified amount. The Company also leases office space in the U.S. and its distribution facilities in Canada and overseas. Total minimum rents were $9.5 million in 2013, $9.6 million in 2012 and $8.3 million in 2011. Percentage rentals were $430,000 in 2013, $1.2 million in 2012 and $1.2 million in 2011. Future fixed and minimum rental commitments required under operating leases that have initial or remaining non-cancelable lease terms in excess of one year as of December 31, 2013, are shown below. Renewal options exist for many long-term leases.
At December 31, 2013, the Company also had purchase commitments of approximately $65.6 million to purchase inventory, all of which were due in less than one year. |